27 September 2020 12:13 PM

Sisi opens "Africa 2017" forum in Sharm el Sheikh

Friday، 08 December 2017 - 01:05 PM

President Abdel Fattah El Sisi on Friday 08/12/2017 opened the Africa 2017 forum in the Egyptian Red Sea resort of Sharm el Sheikh.

Guinean President Alpha Condé, Rwandan President Paul Kagame, Côte d'Ivoire President Alassane Ouattara and Somali President Mohamed Abdullahi Mohamed are attending the opening session.

Chairman of the African Union Commission Moussa Faki and a number of African prime ministers, ministers, officials, chairpersons of companies, investors and youths from Africa are also present.

The forum will run until Saturday.

Guinean President Alpha Condé called for trusting African businessmen, saying they are as experienced as those outside Africa.

Speaking at the opening session of the Africa 2017 forum in Sharm el Sheikh, Condé called for eliminating the state of pessimism that hits investments in Africa.

Africa is rich in natural and human resources that should be exploited to improve investments, he said.

Africa did not make good use of its investment potentials and failed to convey the right image to investors, he added.

Africa is the least risky in terms of investments around the world, he stressed. He called on African countries to adopt approaches that can help spur investments and boost economy.

Rwandan President Paul Kagame has lauded President Abdel Fattah El Sisi’s vision to bring together different regions of Africa.

Egypt has played a historic role for the independence and progress of Africa, Kagame told the opening session of Africa 2017 forum, held in Egypt. He asserted that the future and prosperity of Africa will be achieved through the comprehensive private sector.

Speaking at the forum, Côte d'Ivoire President Alassane Ouattara said that Africa possesses 60 percent of arable lands and has diverse sources of energy.

Egypt, Nigeria, the Democratic Republic of Congo will be among the world’s 10 most populated countries, which will give power to Africa.

Lack of infrastructure affects the development in Africa, he said, calling for concentrating investments in Africa in the education, health, industry and technology sectors.

The World Bank asserted Africa needs 93 billion dollars a year to meet its needs of infrastructure of investments, he said.

Chairman of the African Union Commission Moussa Faki said that Africa has been experiencing terrorist acts for a decade that affect the ability to achieve economic and social development.

Speaking at the Africa 2017 forum in Sharm el Sheikh, he called for building partnerships between the private and public sectors to achieve comprehensive development in Africa.

Regional and financial changes as well as instability and climate changes were obstacles to progress and development in Africa in the past period, he added.

Such challenges should be addressed through achieving the goal of integration in Africa according to the agenda of 2063, he said.

He voiced hope that the Africa 2017 forum will encourage entrepreneurship in Africa.


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